Japan earthquake will push up the cost of Chinese local hardware and electrical enterprises

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The "industry earthquake" that followed the earthquake in Japan is spreading to China. The "First Financial Daily" was informed that the China Chamber of Commerce for Import and Export of Mechanical and Electrical Products (hereinafter referred to as "Import and Export Chamber of Commerce") urgently set up the "Japan Strong Earthquake Emergency Work Team" on the 14th to conduct a questionnaire survey on member companies to understand the import and export companies of the industry. Impact.   According to China Customs statistics, China exported US$121.06 billion to Japan in 2010, of which US$60.05 billion was for mechanical and electrical products, up 28.5% year-on-year, accounting for 49.6%. In the same period, China imported US$176.71 billion, including 117.91 billion US dollars of mechanical and electrical products. 37.6%, accounting for 66.7%. The Chamber of Import and Export said that Japan is the largest source of imports of mechanical and electrical products in China, and imports accounted for 18.08% of China's imports of mechanical and electrical products. "One of the most imported electromechanical devices from Japan is components, and companies like Sony have stopped production, not only for China, but also for the world." Qi Zhongyi, director of the Information Center of the Import and Export Chamber of Commerce, said. “The direct impact is the price increase.” Qi Zhongyi told this newspaper that in the electronics industry, some high-tech chips imported from Japan are difficult to replace, and the damage caused by the earthquake is not expected to recover in the short term, so the procurement of Chinese downstream enterprises The volume is also facing a decline. "Because the amount of (electronic products) imported from Japan is too large, it is impossible to transfer orders to a similar company like South Korea's Samsung. However, because Chinese technology is not mature, the benefits of Japan's shortage of goods will not be significant. In terms of instruments and bearings, China’s imports from Japan are also large due to the lack of high-end materials such as special steel in China. However, Yin Luzhang, deputy secretary-general of China Mechanical and Electrical Products Circulation Association, said that because such products are mainly from Germany, the United States, Sweden, Japan and other places, they are not the only ones in Japan; and European and American companies have established factories in Indonesia and other places, and the cost of Japanese imports. The advantage is not large, so in the short term, it will not cause the shortage of downstream enterprises. Dingda imported bearings - Ms. Wang Yin Luzhang believes that Japan's electronics, automobiles and other companies have joint ventures in most of China, which will not lead to a large number of out-of-stocks in the short term; and high-tech products such as bearings and chips cannot be produced in the short term. Recovery will drive Chinese companies to import into other countries, resulting in rising costs. “Because of the fact that compared with European and American products, Japanese products pay more attention to energy saving and lower cost, which is in line with the future development trend. The quality of many mechanical and electrical products in Europe and America is of course good, but the consumption is large, which will increase the cost of downstream enterprises.” He also said that In Europe and the United States, the use of high-end equipment in electromechanical is more extensive than in China. The decline in the export of such products in Japan will have a greater impact on Europe and the United States than in China.

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